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Saudi Central Bank (SAMA) · Press Release
SAMA: “STC Bank” Launches its Banking Operations in the Kingdom
البنك المركزي السعودي: بنك إس تي سي يبدأ مزاولة عملياته المصرفية في المملكة
No action neededAwareness
On 28/01/2025, the Saudi Central Bank (SAMA) announced its non-objection to STC Bank commencing its banking operations in the Kingdom. SAMA stated the step supports its objectives of financial sector stability, confidence, economic growth, and competition in the banking sector, and contributes to Saudi Vision 2030 targets including financial inclusion.
PublishedJanuary 28, 2025
Effective—
GazetteNot gazetted
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